Debt Payoff Calculator
Estimate the payoff timeline for a fixed monthly debt payment.
Calculator
Estimated payoff time
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Approx. years—
Total interest—
Total paid—
How payoff time is estimated
The calculator uses the balance, APR and a fixed monthly payment to estimate the number of payments needed. Credit-card issuers can use daily periodic rates and different minimum-payment rules, so your statement may produce a different result.
Ways to compare a payoff plan
Test a larger payment, a lower APR, or both. Focus on the total cost and the time to become debt-free rather than the monthly payment alone.